Circular on Modification of Surety Insurance guidelines (Dated 12.01.2023)–IRDAI          

  • 17th, January 2023
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Circular on Modification of Surety Insurance guidelines (Dated 12.01.2023)–IRDAI          

  • The IRDAI has issued modifications of surety insurance guidelines for mono line surety insurance companies exempting from the existing prescribed cap in premium charged for all surety insurance policies underwritten in a financial year and applicability of prudential norms and may offer commercial surety and contract surety requirements instead of infrastructure projects of Government/Private in all modes. Refer to the attachments for further details.
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